Malaysia’s former Prime Minister Najib Razak has gone on trial for his role in a financial scandal that has sent shockwaves around the world. He faces seven charges in the first of several criminal cases accusing him of pocketing $681m (£522m) from the sovereign wealth fund 1MDB. Mr Najib pleaded not guilty to all the…
NEW DELHI — Facebook’s announcement this week that it has taken down hundreds of pages linked to India’s main opposition Congress party and the ruling Bharatiya Janata Party turned the spoltight on the blitz of disinformation being used to influence nearly 900 million voters as social media becomes the primary battleground in the world’s largest…
Even as the B.C. government reviews a pair of reports on money laundering, court documents obtained by CBC reveal an investigation into a Richmond man allegedly linked to thousands of dollars worth of suspicious casino transactions. According to information sworn to obtain a search warrant, the Richmond RCMP’s organized crime unit arrested the man for…
STOCKHOLM/FRANKFURT – Money laundering allegations involving Sweden and Denmark have shattered faith in the open Nordic business culture, prompting demands for tighter controls on the banks held responsible. Ranked among the least corrupt countries by anti-graft campaign group Transparency International, Sweden and Denmark have been rocked by investigations into Danske Bank and Swedbank, knocking billions…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News (CNN)Actresses Lori Loughlin and Felicity Huffman were among a dozen people who appeared Wednesday in federal court in Boston as part of the college admissions scam. The defendants are each charged with conspiracy to commit mail fraud and honest services mail fraud…
Renault has admitted that it has “concerns” over expenses incurred by the French carmaker’s former leader Carlos Ghosn, adding to his difficulties as he fights similar charges in Japan. Ghosn’s pay and expenses have come under scrutiny since his arrest and detention in Tokyo for understating his income as president of Japan’s Nissan. Ghosn had been…
Cape Town – South African Police Commissioner, General Khehla Sitole on Wednesday welcomed the arrest of five police officers for their alleged involvement in crimes of human trafficking, kidnapping, and extortion in two separate incidents. National police spokesperson, Brigadier Vishnu Naidoo said the first incident happened on March 27, when 10 Bangladeshi nationals who were…
Personal information of some 3.1 million Toyota customers may have been leaked outside the company, the Toyota Motor Corporation (TMC) announced on Friday. The announcement comes a few weeks after Toyota Australia said they have been “the victim of an attempted cyber attack”. New breaches The attackers targeted TMC sales subsidiaries (Toyota Tokyo Sales Holdings,…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Israeli Prime Minister Benjamin Netanyahu is enmeshed in a roiling scandal over his connections to Seadrift Coke, a Texas-based firm previously owned by his cousin Nathan Milikowsky. Netanyahu made a return of over 700 percent from the company’s stock, which he purchased…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Money laundering accounts for up to 5% of global GDP – or $2tn (£1.5tn) – every year, says the United Nations Office on Drugs and Crime. So banks and law enforcement agencies are turning to artificial intelligence (AI) to help combat the…
